Track market-moving stories before they get noisy

What is Yearn.finance (YFI) and how does it work?

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Decentralized exchange (DEX) dYdX has had to take out millions from its insurance fund to cover user liquidations on its platform, according to a recent announcement. This action was forced by the recent liquidations in the Yearn.Finance (YFI) market.

What Led To The $9 Million Insurance Fund Withdrawal? On Saturday, November 18, the Yearn.Finance’s governance token (YFI) witnessed a drastic 43% decline in value, leading to a wipeout of $50 million in YFI Open Interest. 

Consequently, this dramatic drop in price triggered a moment of fear, uncertainty, and doubt (FUD) within the crypto community, with some members speculating on the possibility of an exit scam.

In a post on the X (formerly Twitter) platform, the team behind dYdX disclosed that about $9 million from the platform’s v3 insurance fund was used to fill gaps in liquidations processed in the YFI market.

Last night about $9m from the dYdX v3 insurance fund were used to fill gaps on liquidations processed in the YFI market. The v3 insurance fund remains well funded with $13.5m in funds remaining

No user funds were affected and our team is working to investigate the event

— dYdX (@dYdX) November 18, 2023

According to the decentralized exchange’s website, the insurance fund is “the first backstop to maintain the solvency of the system when an account has a negative balance.” The fund is not decentralized, meaning that the protocol’s team is directly responsible for deposits to and withdrawals from it.

In the announcement, the protocol’s team also clarified that the insurance reserve still remains “well-funded” with $13.5 million left. However, this only means that the protocol was forced to part with about 40% of its initial balance to cover the liquidations in the YFI market.

Furthermore, the team asserted that no user funds were affected by this event. And they also revealed that they are currently investigating the incident.

dYdX Founder Claims ‘Targeted Attack’ – What Next? In a separate post on X, dYdX founder Antonio Juliano made accusations of market manipulation in the Yearn.Finance token market. The executive said: 

This was pretty clearly a targeted attack against dYdX, including market manipulation of the entire $YFI market.

Juliano reiterated that the protocol is currently investigating the incident alongside other partners. And the founder promised to be fully transparent with the results of their findings.

This was pretty clearly a targeted attack against dYdX, including market manipulation of the entire $YFI market

We are investigating alongside several partners and will be transparent with what we discover https://t.co/djWHaaPIua

— Antonio(@AntonioMJuliano) November 18, 2023

Furthermore, Antonio Juliano mentioned that there will be a thorough review of the protocol’s risk parameters. “We will be making appropriate changes to both v3 and potentially the dYdX Chain software if necessary,” he added.

dYdX remains one of the largest trading platforms in the decentralized finance (DeFi) space. As of this writing, the protocol boasts a total value locked of $372 million, according to data from DefiLlama.

DYDX price rebounds on the daily timeframe | Source: DYDXUSDT on TradingView Featured image from Shutterstock, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Sign Up for Our Newsletter! For updates and exclusive offers enter your email.

Opeyemi Sule is a passionate crypto enthusiast, a proficient content writer, and a journalist at Bitcoinist. Opeyemi creates unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi enjoys reading poetry, chatting about politics, and listening to music, in addition to his strong interest in cryptocurrency.

Mon 01 Dec 2025 ▪ 6 min read ▪ by Mikaia A.

Summarize this article with:

They always come back, more inventive, more technical. Hackers have just struck a new blow in the crypto sphere. This time, Yearn Finance is the victim. Outcome: 9 million dollars vanished. Behind the exploit, a bug of rare complexity in the yETH contract. On the surface, a simple swap. In depth, mathematical chaos. And worst of all, this is not an isolated case.

In brief Yearn Finance loses 9 million due to a flaw in a custom swap contract. The technical bug: a division omitted in the calculation of the virtual balance product. The attacker uses temporary contracts to drain assets and obfuscate the trail. A single transaction is enough to pocket 100% of the affected yETH pool liquidity. When arithmetic explodes: a bug worth millions On November 30, a user was able to create 2.35 × 10³⁸ yETH thanks to a subtle flaw in the swap() function of the smart contract. This contract was supposed to maintain a balance rule between tokens. Except a critical division was omitted in the formula. Result: the variable vb_prod ran away. Like a speedometer stuck in overdrive, it deceived the protocol about its own health.

The exploit was confirmed by PeckShield, who alerted in a tweet that nearly 9 million dollars had been lost. Part of the funds — about 3 million in ETH — was sent via Tornado Cash, a famous crypto mixer used to obscure trails. The rest still sleeps in the hacker’s address.

The severity of the bug is not a simple oversight. As Ilia.eth explained on X:

Today’s exploitation of the $yETH pool was not a flash loan type price attack, but indeed a structural collapse of the AMM’s internal accounting. Here is a technical analysis showing how a simple omitted division led to complete protocol drainage.

This flaw painfully recalls the precedent of Balancer, where poor rounding management caused similar chaos. Same cause, same effect: uncontrolled monetary creation followed by a legitimate but destructive withdrawal.

Helper contracts to raze Yearn Finance’s architecture It’s not just the bug that impresses. It’s the attack engineering. In a single transaction, the hacker orchestrated everything: deployment of “helper contracts,” token minting, conversion to ETH, fund transfer, and self-destruction of contracts to erase traces.

According to Blockscout, each helper contract executed a targeted call to the vulnerable function, then sent the ETH to a master wallet before disappearing. A strategy worthy of a heist movie, where the robber erases his digital footprints in the same second he acts.

The key address identified by several analysts is: 0xa80d…c822, currently still holding about 6 million in stETH, rETH, and other Ethereum derivatives.

On X, William Li offers further reading:

The hacker actually did not withdraw all the yETH he created, he only sold part of it in the yETH-ETH pool for 1,000 ETH (about 3 million dollars) — which is far less than the real gain he made (P2).

More than a theft, it is therefore a controlled disintegration of the yETH protocol. And behind the attack, a deep mathematical knowledge, coupled with cold and precise programming talent.

Crypto and trust: when code becomes Achilles’ heel Yearn Finance is far from an amateur project. Yet, the flaw was detected neither by users nor by audits. This is where the matter becomes worrying for the entire crypto market. Because this type of error — a multiplication instead of a division — could exist elsewhere, lurking in other protocols.

The yETH contract structure is a hybrid between Curve and Balancer. Except that instead of recalculating each transaction, it stores an intermediate state (vb_prod) supposed to be updated after each swap. A dangerous practice, according to Ilia.eth:

Storing complex product results (vb_prod) to update them incrementally is extremely risky. Errors accumulate, and the slightest logical bug can remain active indefinitely. It would be better to recalculate invariants from current balances.

The hack revives the debate: should gas economy or rigor be prioritized? One thing is certain: the consequences of a botched trade-off now amount to millions. At Yearn, the time is for remobilization: SEAL911, ChainSecurity, and a post-mortem investigation are already on the front line.

5 key facts about the Yearn Finance exploit  November 30, 2025: date of the hack; $9 million: estimated total losses; 2.35 × 10³⁸ yETH: artificially created tokens; Single transaction: the entire attack happened in one block; Helper contracts: deployed, used, then self-destructed. Calculation errors in crypto do not forgive. And for good reason: it’s not another audit that would have avoided the carnage. Balancer, despite 11 security audits, was also emptied by an almost twin bug. A simple multiplication factor can become a weapon of mass destruction when finance becomes programmable. Protocols have short memory, but blockchains never forget.

Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.

Join the program

A

A

Lien copié

Mikaia A.

La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

Michael Egorov, who founded decentralized finance protocol Curve Finance, has proposed a 17.45 million CRV token grant that will fund several key initiatives designed to improve the protocol’s infrastructure and support a 25-person core development team.

Summary

Curve Finance founder Michael Egorov has proposed a CRV grant to fund core development work through 2026. The grant will support Curve Finance developer Swiss Stake AG’s 25-member team. “This proposal requests a grant for software research and development work, as well as related activities for the continued benefit of Curve,” Egorov said in the proposal posted on the Curve DAO governance on Dec. 14.

If approved, the grant will be awarded to Swiss Stake AG, the Zug-headquartered IT firm that initially developed Curve Finance and continues to maintain its underlying software infrastructure. The company operates independently of the DAO.

Starting January 2026, the proposal would extend funding for a new one-year period, mirroring the structure of a similar grant awarded in 2024 that concluded in August of this year.

Egorov acknowledged that while Swiss Stake AG has managed to establish several revenue streams, these earnings alone “do not yet make the company sustainable.”

“This grant will fund software research and development, infrastructure, security, and ecosystem support, ensuring that the 25-member team at Swiss Stake AG can continue its ongoing contributions to Curve,” Egorov added.

Swiss Stake AG to work on several protocol enhancements in 2026 For 2026, Swiss Stake AG hopes to accelerate development across several high-priority initiatives that are expected to advance the protocol’s technical capabilities and product suite.

Some of the major areas of focus include Llamalend V2, which introduces admin fees for the DAO and expands collateral support, and FXSwap, Curve’s on-chain foreign exchange platform designed to support low-volatility assets like tokenized gold. The team also plans to continue development on crvUSD and its broader lending systems.

Simultaneously, the Swiss development team will continue maintaining Curve’s smart contract ecosystem and core software repositories. Any intellectual property developed using the grant will be released “under an open-source license compatible with the Curve software repositories.”

“Swiss Stake AG commits to produce bi-annual reports on the spending of the Grant Amount. It will list expenses in a summarized form and inform about the ongoing initiatives for which the funds are used. The report will be published in written form on the governance forum,” the proposal noted.

Upon approval, the firm will also be permitted to stake CRV tokens not immediately required for operational expenses in liquid locker platforms such as Convex and Yearn, with any yield generated used strictly in line with the terms of the grant.

Voting on the proposal is open through Dec. 22, 2025. At press time, all participating votes were in favor of approval.

CRV price action remains muted CRV, the native token of Curve DAO, bounced from multi-week lows around $0.37 and was up more than 3% at the time of writing, although the uptick was not enough to offset the token’s seven-day losses.

That’s despite Curve Finance closing the third quarter of 2025 with strong revenue numbers. Protocol revenue more than doubled from the previous quarter, while DEX trading volume and stablecoin activity saw a notable surge across the network.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

What Crypto Whales Are Buying After a Cooler US CPI Print

Tokenholders denied a proposal to allocate 17.4 million CRV tokens to Curve’s core development firm.

The Curve DAO has rejected a governance proposal to allocate 17.4 million CRV tokens, worth about $6.2 million, to the decentralized exchange’s (DEX) development team.

The proposal submitted by Curve Finance founder Michael Egorov sought approval for a grant of CRV tokens to fund Swiss Stake AG, the core development firm behind Curve, managed by Egorov.

The funding is intended to cover software development, infrastructure, security work and ecosystem support for Swiss Stake’s roughly 25-person team working on the protocol, which is the third-largest DEX in decentralized finance (DeFi) with over $2.1 billion in total value locked, according to DeFiLlama.

However, the vote ended with 54.46% of participants against and 45.54% in favor. Voting data shows that addresses linked to two major DeFi protocols, Yearn Finance and Convex Finance, accounted for nearly 90% of the votes cast against the proposal.

Voting data on proposal #1286. Source: Curve FinanceSome community members noted in forum comments that the proposal raised centralization concerns, questioning whether Curve’s governance was too dependent on a small group. Others suggested that Swiss Stake should better explain how past funds were spent before any new funding is approved.

The Curve Finance team did not respond to The Defiant’s request for comment.

Curve community members also argued that past allocations already distributed significant protocol funds and that further grants could “be spread in several installments” to avoid negatively impacting the price of CRV.

Another DeFi giant, Aave, recently faced similar controversy when Aave Labs redirected some fees to itself rather than to the DAO, sparking debates over tokenholder rights.

This is not the first time Egorov has sought the community’s approval to use the project’s funds to support Swiss Stake. In August 2024, Egorov sought over 21 million CRV tokens, valued at around $6.3 million at the time, to “build and support the growth of the Curve ecosystem.” That proposal passed with nearly 91% of voters in favor.

As of press time, CRV is trading up 1.5% on the day but is down nearly 50% over the past three months, per CoinGecko data.

PANews reported on December 24th that the voting page showed the Curve DAO voted against granting 17.45 million CRV to Swiss Stake AG for development. The proposal had a one-year vesting period, could be suspended or disabled by the DAO at any time, and could return to DAO control; the contract function was `deploy_vesting_contract`, the token address was 0xD533…cd52, the recipient was 0x96D0…11a2B, and the vesting period was 31,536,000. The voting results showed: 41.45% quorum (threshold 30%), minimum support 45.54% (threshold 51% not reached), total voting power 719.63 million veCRV, 141 voters, and a result of 54.46% against and 45.54% in favor.

Earlier this month, it was reported that Curve's founder proposed allocating 17.45 million CRVs to support the R&D team and a technology upgrade in 2026 .

CRV Price Prediction: Will Whale Accumulation Drive it to $0.5?

CRV price trades near $0.24 as LlamaLend exploit concerns weigh on short-term sentiment.

Summary

CRV price is holding above $0.22 support but struggling below $0.25 resistance. A $240K LlamaLend pool exploit has added fresh uncertainty around Curve’s ecosystem. A daily close below $0.22 could expose the psychological $0.20 level. Curve DAO (CRV) token is trading at $0.24 at press time, down 3.5% over the past 24 hours. The pullback comes during a recovery attempt, with price still near the upper half of its seven-day range between $0.21 and $0.26.

CRV is up about 5% on the week but remains down 20% over the past month.

Derivatives activity has softened. Volume is down 12% to $127 million, while open interest has slipped 1.73% to $67.8 million, according to CoinGlass data.

As uncertainty persists, the drop in open interest shows that some leveraged positions are being closed rather than opened, indicating caution among traders.

LlamaLend pool exploit adds pressure Curve Finance’s March 2 statement confirming that it is looking into an attack on the sDOLA LlamaLend markets has dampened sentiment. The issue stemmed from how the pool’s price oracle was configured, which introduced the risk of manipulation.

Blockchain security firm BlockSec had clarified that the vulnerability affected only the sDOLA–crvUSD LlamaLend pool and not Inverse Finance itself. The exploit resulted in an estimated $240,000 profit for the attacker.

Borrowers who used sDOLA as collateral were liquidated, while lenders were unaffected. sDOLA holders even saw gains due to the price distortion.

Correction: After further investigation and discussion with @InverseFinance, we confirm that its contract was not affected by the attack. The actual victim was the sDOLA–crvUSD Curve LlamaLend pool. The root cause was an improper oracle configuration by the pool creator, who used… https://t.co/DTDJX1gVrS

— BlockSec Phalcon (@Phalcon_xyz) March 2, 2026 The attack relied on a flash loan. Funds were borrowed, sDOLA was redeemed and re-staked as a donation, and the pool’s pricing mechanism was temporarily distorted.

That shift pushed several positions below liquidation thresholds, allowing the attacker to liquidate them at a profit.

Curve emphasized that the core protocol contracts were not compromised. Even so, the incident has revived concerns about oracle design and integration risks within DeFi lending markets.

CRV price technical analysis CRV continues to trade in a bearish structure. The daily chart shows a sequence of lower highs and lower lows. Price sits below the descending 50-day moving average, reinforcing the short- to mid-term downward bias.

CRV daily chart. Credit: crypto.news Attempts to reclaim the 0.25–0.26 zone have failed so far, leaving overhead supply in place. Bollinger Bands expanded to the downside after a period of contraction, confirming that the latest volatility break favored sellers.

Price is now hugging the lower band, a sign that sell pressure has not fully eased. A close back above the mid-band would be the first sign of stabilization, but that has yet to occur.

The momentum is still skewed toward bears because the relative strength index is less than 50. It recently recovered from around the 30 level, but there hasn’t been any major bullish divergence. 

Immediate support sits near 0.22, which marks the lower boundary of the current range and a liquidity cluster. A daily close below that level could open the path toward the psychological 0.20 mark.

On the upside, 0.25 acts as near-term resistance. A sustained move above 0.30 would be required to break the pattern of lower highs and shift the broader structure.

Bullish CRV price prediction for 2026 is $0.3335 to $0.5728. Curve DAO Token (CRV) price might reach $5 soon. Bearish CRV price prediction for 2026 is $0.1267. In this Curve DAO Token (CRV) price prediction 2025, 2026-2030,  we will analyze the price patterns of CRV by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.

TABLE OF CONTENTS

INTRODUCTION

Curve Dao (CRV) Current Market StatusWhat is Curve Dao (CRV)?Curve Dao (CRV) 24H TechnicalsCURVE DAO (CRV) PRICE PREDICTION 2025

Curve Dao (CRV) Support and Resistance LevelsCurve Dao (CRV) Price Prediction 2025 — RVOL, MA, and RSICurve Dao (CRV) Price Prediction 2025 — ADX, RVIComparison of CRV with BTC, ETHCURVE DAO (CRV) PRICE PREDICTION 2026, 2027-2030CONCLUSIONFAQ Curve DAO Token (CRV) Current Market Status Current Price $0.2068 24 – Hour Price Change 4.34% Up 24 – Hour Trading Volume $34.81M Market Cap $313.51M Circulating Supply 1.51B CRV All – Time High $60.50 (On August 14, 2020)   All – Time Low $0.1714 (On June 06, 2026)   CRV Current Market Status (Source: CoinMarketCap) What is Curve DAO Token (CRV) TICKERCRVBLOCKCHAINEthereumCATEGORYEthereum based tokenLAUNCHED ONAugust 2020UTILITIESGovernance, Fast Transactions, gas fees & rewards Curve DAO Token is a decentralized exchange (DEX) for stablecoins that utilizes an automated market maker (AMM) to manage liquidity. AMMs provide a different model of trading in which assets can be exchanged without any permission and in an automated manner. Curve DAO Token DAO token CRV is used to incentivize liquidity providers, similarly, holders can also take benefit from CRV by participating in network governance.

Curve DAO Token 24H Technicals Curve DAO Token (CRV) ranks 100th on CoinMarketCap in terms of its market capitalization. The overview of the Curve DAO Token price prediction for 2026 is explained below with a daily time frame.

CRV/USDT Horizontal Channel Pattern (Source: TradingView) In the above chart, Curve DAO Token (CRV) laid out a Horizontal channel pattern. The Horizontal channel pattern is also known as the sideways trend. In general, the horizontal channel is formed during the price consolidation. In this pattern, the upper trendline, the line that connects the highs, and the lower trendline, the line that connects the lows, run horizontally parallel, and the price action is contained within it. 

A horizontal channel is often regarded as one of the suitable patterns for timing the market, as the buying and selling points are in consolidation.

At the time of analysis, the price of Curve DAO Token (CRV) was recorded at $0.2068. If the pattern trend continues, then the price of CRV might reach the resistance levels of $0.2066 and $0.2406. If the trend reverses, then the price of CRV may fall to the support levels of $0.1917 and $0.1769.

Curve DAO Token (CRV) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Curve DAO Token (CRV) in 2026.

CRV/USDT Resistance and Support Levels (Source: TradingView) From the above chart, we can analyze and identify the following as resistance and support levels of Curve DAO Token (CRV) for 2026.

Resistance Level 1$0.3335Resistance Level 2$0.5728Support Level 1$0.1941Support Level 2$0.1267 CRV Resistance & Support Levels

Curve DAO Token (CRV) Price Prediction 2026 — RVOL, MA, and RSI The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Bitcoin (CRV) are shown in the chart below.

From the readings on the chart above, we can make the following inferences regarding the current Curve DAO Token (CRV) market in 2026.

INDICATORPURPOSEREADINGINFERENCE50-Day Moving Average (50MA)Nature of the current trend by comparing the average price over 50 days50 MA = $0.2294Price = $0.2043
(50MA > Price)Bearish/DowntrendRelative Strength Index (RSI)Magnitude of price change;Analyzing oversold & overbought conditions44.8458
<30 = Oversold
50-70 = Neutral>70 = OverboughtNearly OversoldRelative Volume (RVOL)Asset’s trading volume in relation to its recent average volumesBelow cutoff lineWeak volume Curve DAO Token (CRV) Price Prediction 2026 — ADX, RVI In the below chart, we analyze the strength and volatility of Curve DAO Token (CRV) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).

From the readings on the chart above, we can make the following inferences regarding the price momentum of Curve DAO Token (CRV).

INDICATORPURPOSEREADINGINFERENCEAverage Directional Index (ADX)Strength of the trend momentum41.4349Strong TrendRelative Volatility Index (RVI)Volatility over a specific period71.33
<50 = Low
>50 = HighHigh volatility Comparison of CRV with BTC, ETH Let us now compare the price movements of Curve DAO Token (CRV) with those of Bitcoin (BTC) and Ethereum (ETH).

BTC Vs ETH Vs CRV Price Comparison (Source: TradingView) From the above chart, we can interpret that the price action of CRV is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of CRV also increases or decreases, respectively.

Curve DAO Token (CRV) Price Prediction 2027, 2028 – 2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Curve DAO Token (CRV) between 2027, 2028, 2029, and 2030.

Year Bullish Price Bearish PriceCurve DAO Token (CRV) Price Prediction 2027$6.8$0.1Curve DAO Token (CRV) Price Prediction 2028$7.4$0.09Curve DAO Token (CRV) Price Prediction 2029$8.1$0.08Curve DAO Token (CRV) Price Prediction 2030$9$0.07 Conclusion If Curve DAO Token (CRV) establishes itself as a good investment in 2026, this year will be favorable to the cryptocurrency. In conclusion, the bullish Curve DAO Token (CRV) price prediction for 2026 is $0.5728. Comparatively, if an unfavorable sentiment is triggered, the bearish Curve DAO Token (CRV) price prediction for 2026 is $0.1267. 

If the market momentum and investors’ sentiment positively elevate, then Curve DAO Token (CRV) might hit $5. Furthermore, with future upgrades and advancements in the Curve DAO Token ecosystem, CRV might surpass its current all-time high (ATH) of $60.50. and mark its new ATH. 

FAQ 1. What is Curve DAO Token (CRV)? Curve DAO Token (CRV) is the native cryptocurrency of Curve DAO Token. Curve DAO Token is a smart contract-based blockchain operating on the proof-of-stake (PoS) consensus launched in 2017.

2. Where can you purchase Curve DAO Token (CRV)? Curve DAO Token (CRV) has been listed on many crypto exchanges which include Binance, Bitunix, OKX, WEEX, and Bybit.

3. Will Curve DAO Token (CRV) reach a new ATH soon? With the ongoing developments and upgrades within the Curve DAO Token Platform, CRV has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Curve DAO Token (CRV)? On Aug 14, 2020, Curve DAO Token (CRV) reached its new all-time high (ATH) of $60.50.

5. What is the lowest price of Curve DAO Token (CRV)? According to CoinMarketCap, CRV hit its all-time low (ATL) of $0.1714 On June 06, 2026.

6. Will Curve DAO Token (CRV) reach $5? If Curve DAO Token (CRV) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $5 soon.

7. What will be Curve DAO Token (CRV) price by 2027? Curve DAO Token (CRV) price is expected to reach $6.8 by 2027.

8. What will be Curve DAO Token (CRV) price by 2028? Curve DAO Token (CRV) price is expected to reach $7.4 by 2028.

9. What will be Curve DAO Token (CRV) price by 2029? Curve DAO Token (CRV) price is expected to reach $8.1 by 2029.

10. What will be Curve DAO Token (CRV) price by 2030? Curve DAO Token (CRV) price is expected to reach $9 by 2030.  

 Top Crypto Predictions

Ondo (ONDO) Price Prediction

Vine Coin (VINE) Price Prediction 

Popcat (SOL) POPCAT Price Prediction 

Disclaimer: The opinion expressed in this article is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

The US stock market's optical communication sector rises across the board in pre-market trading, with Corning up 9.28%.

According to Bitget market data, the U.S. stock market's optical communication sector saw broad pre-market gains, with MRVL rising 4.99%, LITE up 3.24%, Nokia up 3.11%, Corning up 9.28%, and AXTI up 6.69%.

2 minutes ago

US-listed AI chip stocks saw mixed pre-market performance, with Qualcomm surging 13%.

According to Bitget market data, U.S. AI chip stocks posted mixed pre-market performance: Qualcomm (QCOM.O) surged 13%, Intel (INTC.O) rose nearly 6%, AMD (AMD.O) gained nearly 4%, and Google (GOOG.O) declined 1.4%.

2 minutes ago

Micron Technology surges 18% in pre-market trading on US stocks

According to Bitget market data, the US stock storage sector is seeing broad pre-market gains. Micron Technology (MU.O) jumps 18% in pre-market trading, as its strong earnings significantly exceeded expectations, with multiple major banks raising the stock’s target price. SanDisk (SNDK) rises 12.25%, Western Digital (WDC) gains 12.05%, and Seagate Technology (STX) climbs 8.63%.

2 minutes ago

SBI announced it will acquire cryptocurrency trading platform Bitbank for 46.7 billion yen.

According to Nikkei News, Japanese financial group SBI Holdings announced on the 25th that it will acquire cryptocurrency exchange platform bitbank for 46.7 billion yen (approximately $288 million). Upon completion of the transaction, SBI Group’s crypto asset custody scale is expected to exceed 1 trillion yen, making it one of the largest operators in Japan’s crypto industry. Per the plan, a subsidiary under SBI Holdings will acquire Bitbank shares from individual shareholders including its founders as early as August this year. Bitbank will then repurchase shares held by existing shareholders MIXI and Ceres by the end of October. If combining data from SBI’s own crypto exchange SBI VC Trade and Bitbank, as of April this year, the two firms had a total of around 2.92 million accounts and total custody assets of approximately 1.1 trillion yen. While different crypto exchanges disclose custody assets at varying time points, among Japan’s major industry competitors, bitFlyer held about 960 billion yen in custody assets as of the end of December 2025, and Coincheck had around 800 billion yen as of the end of March 2025.

2 minutes ago

Curve DAO [CRV] has been posting remarkably bullish performances in recent days. Since Saturday, the 6th of June, the DeFi token has rallied by 35.11%.

Its trading volume has also been strong, especially in the previous two days. The strong volume and gains suggest the upward momentum could continue—but how much higher?

How much higher can CRV bulls extend the current rally? In a report in May, AMBCrypto suggested a potential rally after the altcoin flipped the $0.23 area to support. The report also cautioned that a drop below $0.217 would mean bears have the upper hand.

Source: CRV/USDT on TradingView In the three weeks since then, the bearish warning has come to pass. The bearish structure break on the 1-day timeframe was highlighted in white.

CRV set a new lower low at $0.17, keeping the downtrend going, but has rallied well over the past week. However, traders and investors must remember that the altcoin was operating within a higher timeframe downtrend.

Therefore, their bias can remain bearish in the long term. However, the short-term momentum can be bullish for a few more days.

Traders’ call to action – Sell the bounce Source: CRV/USDT on TradingView The RSI on the 4-hour timeframe was extremely overbought. The bulls were challenging the $0.245 local resistance zone and were about to win this battle.

If the price climbs above the $0.2461 level, there is a chance it would rally further to challenge the $0.2668 level that was the 78.6% Fibonacci retracement level.

Source: CoinGlass The liquidation heatmap showed there were clusters of short liquidations overhead that could pull CRV higher. The immediate magnetic zone was bounded by $0.247-$0.263. Another ambitious price target was the $0.295 cluster.

The price action and the RSI point to the same thing—CRV’s relief rally is nearing its end. There is a chance of a short squeeze, according to the liquidation heatmap, but the higher timeframe bias remained bearish.

Final Summary CRV’s price action was bullish in the short term, but the trend was likely to change soon. The liquidation heatmap warned of a short squeeze all the way up to $0.295.

XRP may be headed for another major correction phase in 2026 if historical price behavior repeats.

Crypto analyst ChartNerd called attention to this possibility in a post on X, pointing to XRP’s long-term Gaussian Channel structure.

He argued that XRP has historically revisited the middle regression band of the Gaussian Channel after extended rallies. According to him, a similar move could emerge again sometime next year.

Notably, this observation comes as XRP trades at $1.31, with growing risk of falling back into the $1.20 range.

Key Points Analyst ChartNerd says XRP could revisit key Gaussian Channel support levels sometime in 2026. XRP has historically pulled back to its middle trend band after major rallies, according to the analyst. XRP dropped 4% to $1.31 as broader crypto market weakness triggered fear-driven selling pressure. ChartNerd believes XRP could revisit $0.70 before potentially starting a move toward double-digit prices. Analyst Points to Historical Gaussian Channel Pattern ChartNerd shared a long-term XRP chart highlighting multiple instances where the asset eventually returned to the channel’s middle regression band following overheated price expansions.

The chart marks previous cycle tops with red circles, followed by pullbacks toward the green middle regression band, which the analyst described as XRP “coming home” to support levels after euphoric rallies.

According to the analyst:

“History tells us that at some point in 2026, XRP will more than likely come home to the middle regression band of the Gaussian Channel.”

The projected move would imply XRP eventually retracing from elevated levels back toward a historically significant trend support zone. Notably, XRP price has already dropped over 60% from its $3.65 peak.

XRP Drops Alongside Broader Crypto Market The bearish projection comes as XRP is already facing short-term pressure amid a wider crypto market decline. XRP has fallen 4% over the past 24 hours to trade around $1.31.

The decline closely tracked Bitcoin’s drop to $74,000, as macro-driven risk aversion triggered a broader sell-off across digital assets.

The total crypto market capitalization also slipped 2.37%, while the CoinMarketCap Fear & Greed Index dropped to 35, signaling “Fear” among investors.

Rather than being driven by an XRP-specific catalyst, the latest weakness appears tied to a broader market pullback affecting most major cryptocurrencies.

Breaking a 13-Year Structure ChartNerd added in a follow-up post that if this cycle is truly “different,” XRP would need to break the historical pattern that has shaped its market structure for more than 13 years.

He said the monthly Gaussian Channel should continue to be respected as long as the broader cyclical trend remains unchanged.

Long-Term Structure Still in Focus Ultimately, ChartNerd’s analysis focuses more on XRP’s broader long-term pattern than on short-term price swings.

Since XRP is still trading above the middle level, the analyst believes a similar pattern could emerge again as the current cycle develops into 2026.

Notably, ChartNerd expects XRP to revisit the $0.70 level during the next major downward move. According to his earlier analysis, this dip could mark the bottom before a potential rally toward double-digit price levels.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Bitcoin’s recent drop below key support may have been more than just a bearish breakdown. As price quickly recovers important levels and market structure remains intact on higher timeframes, the move could have been a classic fakeout designed to shake out weak hands before the next major rally begins. 

Bitcoin Fakeout Below Key Support May Have Trapped Weak Hands According to Cryptic Trades, Bitcoin’s recent price action involved a brief deviation below a critical high-timeframe support range, a move that aligns closely with the bottoming structure established in April 2025. This technical breach appears to be a calculated market maneuver, functioning primarily as a fakeout intended to flush out overleveraged positions, not long-term investors.

These recurring liquidity sweeps serve a specific purpose: they are designed to trigger long-side stop-losses before a more structural reversal can take hold. As market conditions evolve over the coming days, the analyst is monitoring one final key Point of Interest (POI) before systematically scaling out of active hedges.

Source: Chart from Cryptic Trades on X Despite the successful recovery and subsequent reclaim of the high-timeframe support zone, the asset has yet to overcome the 1D Bull Market Support Band situated near the $78,500 level. Historically, this band has functioned as a robust reversal zone over the past several months, making it the primary technical hurdle that bulls must clear to demonstrate genuine strength.

Should the price reclaim the $78,500 threshold, the outlook would shift to a full bullish bias on the lower timeframes, confirming the recent dip as a mere tactical fakeout rather than a deeper correction. For now, the analyst maintains a cautiously bullish stance, awaiting a more durable continuation to the upside.

Bitcoin Buy Signal Remains Active Despite Market Volatility Lourenço VS reflected on the performance of a trading strategy, noting that a custom indicator has remained steady since triggering a buy signal. The expert designed this tool specifically to avoid getting trapped by the choppiness of false signals. As the system patiently navigates through these minor fluctuations, Lourenço is maintaining a position with confidence.

Another weekly candle has successfully closed above the mid-Bollinger line. Market skeptics continue to draw parallels between current conditions and the spring and summer of 2022, but the comparison is fundamentally flawed because it never occurred during that period.

Even with recent price pullbacks and inevitable volatility, the market continues to post consistent 3-day candle closes above the crucial bull market support band. This ongoing resilience at such a key technical level serves as a strong indicator that the fundamental trend remains firmly tilted to the upside. While the skeptics refuse to acknowledge the incoming momentum, the market seems to be coiling up for its next significant move.

BTC trading at $77,448 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Getty Images, chart from Tradingview.com

Ethereum Volatility Hits Multi-Month Low: Rally Next or Further Downside?

Bitmine has made its largest Ethereum (ETH) buy of the year during the recent market dip, reaffirming the firm’s bullish outlook on the leading altcoin and continued accumulation strategy.

Bitmine Ramps Up Ethereum Purchases On Tuesday, Bitmine Immersion Technologies, the world’s largest Ethereum treasury, announced its largest purchase since December 2025, having acquired roughly $238 million in ETH over the past week.

In its latest update, the company shared it purchased 111,942 ETH during the recent market pullback, which sent the King of Altcoins below $2,200. Bitmine’s Chairman, Tom Lee, affirmed that last week’s correction represented “an attractive opportunity” to increase the company’s holdings.

“We continue to expect a supercycle ahead for crypto and Ethereum, driven by the dual drivers of Wall Street tokenization and agentic-AI. And thus, we continue to steadily acquire ETH, with Bitmine now owning nearly 5.4 million ETH tokens,” stated Lee.

Now, the company’s crypto and cash holdings have reached $12.3 billion at current prices, comprised of 5,390,404 ETH at $2,134 per token, 203 Bitcoin (BTC), a $200 million stake in Beast Industries, an $95 million stake in Eightco Holdings as part of its “Moonshots” initiative, and total cash worth $444 million.

The latest buy has pushed BitMine’s Ethereum holdings closer to its goal of controlling 5% of ETH’s 120.7 million supply, reaching 4.47% of the supply, 89% of its goal, in just 11 months. As a result, “Bitmine is expected to reach the ‘alchemy of 5%’ sometime in 2026,” the chairman affirmed.

In addition, the company revealed that 4,712,917 ETH of its holdings, worth about $10.1 billion, have been staked. Lee also shared that, “At scale (when Bitmine’s ETH is fully staked by MAVAN and its staking partners), the projected ETH staking reward is $276 million annually (using 2.75% 7-day BMNR yield).”

Analysts Eye $1,850 Support Recently, Lee suggested that Ethereum could rally toward new highs by the end of the year, based on his belief that the “crypto winter is over” and a recovery rally could take place over the coming months.

However, some market observers have warned that a long-term bullish rally is not likely this year. In an X post, analyst Ali Martinez highlighted that ETH has been trading within a broad, multi-year range since 2021.

ETH’s multi-year range. Source: Ali Charts on X After falling back to the channel’s lower half earlier this year, the altcoin recently faced a “clean rejection at the mid-range of this structure,” which coincided with a rejection from the 200-week Simple Moving Average (SMA), signaling weakness.

As the price fails to reclaim this area, the analyst noted that the most critical level to hold remains $1,850, explaining that a weekly close below this support would likely trigger downside acceleration. He suggested that this could open a great opportunity for investors, based on the MVRV Pricing Band:

Right now, the highly watched 0.8 MVRV Pricing Band is sitting right around $1,850. Historically, whenever Ethereum drops below the 0.8 MVRV band, the move is not sustained for very long. (…) History shows that this exact zone represents a high-probability macro accumulation window that builds the ultimate foundation for the next major bull market.

Lastly, he affirmed that to invalidate the bearish scenario, ETH would need two clear triggers: a reclaim of the 200-week SMA, located around $2,500, and a clean break above the 50-week SMA around $3,100.

Ethereum’s performance in the one-week chart. Source: ETHUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com

XLM Jumps 14% as Stellar Reclaims Long-Term Channel Midline

Humanity (H) Surges 65% to Record High on AI Token Rally

Key Takeaways XRP declined beneath the $1.20 threshold, reaching a session low of $1.1401 during recent market activity. Trading activity remains beneath the 100-hour Simple Moving Average, signaling ongoing bearish pressure in the short term. Technical indicators including RSI demonstrate oversold readings, suggesting potential for a near-term rebound. A sustained break above $1.1950 is required for bulls to initiate a meaningful recovery, with $1.32 serving as the critical resistance zone. Technical analyst ChartNerd identifies $0.84 as a potential downside target corresponding to the Middle Regression Band if support fails. XRP has experienced persistent downward pressure in recent trading sessions, declining in tandem with Bitcoin and Ethereum amid widespread cryptocurrency market weakness.

XRP Price The digital asset pierced the $1.20 support threshold and continued its descent to establish a low at $1.1401. Current price action shows consolidation within the $1.15–$1.20 corridor, with trading occurring beneath the 100-hour Simple Moving Average.

As of this writing, XRP is changing hands near $1.22, reflecting an approximate 1% gain during the last 24-hour period.

Technical chart analysis on the hourly timeframe reveals the formation of a descending trend line, with immediate resistance positioned at $1.1950. Additionally, the price has been unable to recapture the 23.6% Fibonacci retracement level derived from the downward movement spanning $1.3640 to $1.1401.

To establish a legitimate recovery pattern, XRP must achieve a decisive close above the $1.1950 threshold. Such a breakthrough could facilitate advances toward $1.20, followed by $1.22, and ultimately $1.25.

Critical $1.32 Level Could Determine Trend Reversal The pivotal resistance zone for XRP bulls remains at $1.32. A convincing close above this benchmark could trigger upward momentum toward $1.43, which would represent approximately 17% appreciation from present valuations.

Nevertheless, MACD momentum indicators continue displaying negative histogram values, reinforcing the prevailing bearish structure. Until definitive technical confirmation materializes, both upside and downside scenarios remain viable possibilities.

XRP functions predominantly as a bridge currency for international payment settlements, and community participants have been debating prospects for what some characterize as an “XRP Supercycle” — a theory suggesting dramatic price appreciation lies ahead. Market performance has yet to validate this hypothesis.

Cryptocurrency technical analyst ChartNerd (@ChartNerdTA) issued a cautionary update via X, highlighting that XRP has breached the Upper Regression Band at $1.35 within the Gaussian Channel framework. According to historical patterns, previous breaks below this band have consistently resulted in price retracements to the Middle Regression Band, presently located at $0.84. The analyst maintains that a move toward this level during 2026 remains a plausible scenario.

🎯 $XRP Update: We are now losing the Upper Regression Band ($1.35). History across the Gaussian Channel shows that every prior break below the upper band has led to a clear retrace toward the Middle Regression Band ($0.84). The 2026 "homecoming" remains firmly on track 🏡 https://t.co/KJXtjWKtNb pic.twitter.com/qDWtIrtyWk

— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) June 3, 2026

Critical Support Zones Under Focus Regarding downside protection, the first support layer exists around $1.16, with secondary support at $1.155. Should XRP surrender the $1.155 level, subsequent targets include $1.15 and $1.144.

Source: TradingView A failure to maintain $1.144 would expose deeper support at $1.14, with further deterioration possible beyond that threshold.

The Relative Strength Index continues registering oversold readings, which typically attracts bargain-hunting buyers seeking short-term positioning. However, oversold technical conditions alone rarely produce sustainable trend reversals without accompanying fundamental catalysts.

The recent low of $1.1401 established during this corrective phase now serves as the current swing bottom for price structure analysis.

The US stock market's optical communication sector rises across the board in pre-market trading, with Corning up 9.28%.

According to Bitget market data, the U.S. stock market's optical communication sector saw broad pre-market gains, with MRVL rising 4.99%, LITE up 3.24%, Nokia up 3.11%, Corning up 9.28%, and AXTI up 6.69%.

1 minutes ago

US-listed AI chip stocks saw mixed pre-market performance, with Qualcomm surging 13%.

According to Bitget market data, U.S. AI chip stocks posted mixed pre-market performance: Qualcomm (QCOM.O) surged 13%, Intel (INTC.O) rose nearly 6%, AMD (AMD.O) gained nearly 4%, and Google (GOOG.O) declined 1.4%.

1 minutes ago

Micron Technology surges 18% in pre-market trading on US stocks

According to Bitget market data, the US stock storage sector is seeing broad pre-market gains. Micron Technology (MU.O) jumps 18% in pre-market trading, as its strong earnings significantly exceeded expectations, with multiple major banks raising the stock’s target price. SanDisk (SNDK) rises 12.25%, Western Digital (WDC) gains 12.05%, and Seagate Technology (STX) climbs 8.63%.

1 minutes ago

SBI announced it will acquire cryptocurrency trading platform Bitbank for 46.7 billion yen.

According to Nikkei News, Japanese financial group SBI Holdings announced on the 25th that it will acquire cryptocurrency exchange platform bitbank for 46.7 billion yen (approximately $288 million). Upon completion of the transaction, SBI Group’s crypto asset custody scale is expected to exceed 1 trillion yen, making it one of the largest operators in Japan’s crypto industry. Per the plan, a subsidiary under SBI Holdings will acquire Bitbank shares from individual shareholders including its founders as early as August this year. Bitbank will then repurchase shares held by existing shareholders MIXI and Ceres by the end of October. If combining data from SBI’s own crypto exchange SBI VC Trade and Bitbank, as of April this year, the two firms had a total of around 2.92 million accounts and total custody assets of approximately 1.1 trillion yen. While different crypto exchanges disclose custody assets at varying time points, among Japan’s major industry competitors, bitFlyer held about 960 billion yen in custody assets as of the end of December 2025, and Coincheck had around 800 billion yen as of the end of March 2025.

1 minutes ago

Can the S&P 500 Hold Above 7,000 After SpaceX’s Largest IPO in History

Benjamin Cowen, a cryptocurrency analyst closely followed by the public, highlighted the “Bear Market Resistance Band” and the 200-week moving average (MA) as critical factors in determining the market’s direction in his latest analysis of Bitcoin (BTC) price movements.

Cowen stated that Bitcoin is currently in a “damned if you do, damned if you don’t” situation.

Benjamin Cowen pointed out that historical cycles show Bitcoin has repeatedly tested this resistance band during bear markets and has generally been rejected from there. He noted that in the current outlook, this resistance band is located between $70,000 and $74,000 for an upward breakout, and that Bitcoin remaining below this region keeps the downside risks alive.

Cowen cited the sharp drop in Bitcoin in June, where it opened the week at $73,000 and closed at $63,000, saying, “We saw a $10,000 drop in a single week. This resistance band is putting downward pressure on the trend, while the 200-week moving average is trying to form upward support. Bitcoin is currently struggling to find direction between these two levels.”

Unlike investors who believe the market has “passed its lowest point,” Cowen argues that adherence to 4-year market cycles is necessary, noting that the fact that the price hasn’t yet fallen below the realization level is remarkable. Referring to capitulation periods in past cycles (late 2014, 2018, and 2022), the renowned analyst stated that the possibility of testing lower levels later in the year remains.

Cowen stated that historical data shows Bitcoin typically forms a local bottom at the beginning of summer (June) and then initiates a rebound rally later in the summer (July-August), and made the following predictions:

In both 2018 and 2022, the market, which had been weak in June, experienced upward correction movements towards the middle and end of July. If Bitcoin manages to hold onto its 200-week moving average as support, we could see a short-term rebound in July similar to the one in 2022.

In his analysis, Cowen also touched upon the altcoin market, recalling that during the 2018 cycle, while Bitcoin moved sideways, altcoins were severely crushed in July. Noting the rapid decline in crypto interest on social media, the analyst warned that despite the existence of hundreds of thousands of altcoins in the market, the decrease in individual interest could continue to put pressure on them.

*This is not investment advice.

Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!

Vitalik Buterin says rollups must prove security before decentralizing

Loopring, the Ethereum layer-2 and layer-3 zero-knowledge rollup, has announced it will sunset its wallet operations by the end of June 2025.

According to the Loopring (LRC) team, the Loopring Wallet will go offline permanently on June 30, with users advised to use the intervening time to withdraw their assets.

“Today, we’re sharing some difficult but necessary news: Loopring Wallet will officially cease its operations by the end of June 2025,” the cryptocurrency platform said in an announcement.

The shutdown of Loopring Wallet means the wallet’s smart user interface, accessible via mobile, will no longer be available after the stated date.

Loopring’s Smart Wallet leverage immutable smart contracts to operate. However, access is facilitated via the accompanying mobile app, and its discontinuation means the app will no longer receive updates and will eventually be delisted from app stores.

The team clarified that the closure of the wallet will not impact or disrupt the functioning of the Loopring layer-2 protocol.

Nevertheless, users are strongly advised to transfer their funds and non-fungible tokens to other wallets. Acting early and within the announced timeline will allow Loopring Wallet users to move their assets smoothly and avoid potential disruptions.

According to Loopring’s update, popular alternatives for asset transfers include MetaMask, Coinbase Wallet, and Rainbow Wallet.

Loopring Smart Wallets suffered a security breach in June 2024, with an attacker compromising user wallets by exploiting vulnerability in the two-factor authentication. The incident saw Loopring temporarily suspend Guardian and 2FA-related operations.

Following the latest announcement, the LRC token traded lower, with a 4% dip extending its losses over the past week into double digits. The token hovered near $0.09, down 13% over the last seven days.

Sun 24 Aug 2025 ▪ 5 min read ▪ by Mikaia A.

Summarize this article with:

Numbers are skyrocketing, protocols are exploding, and one wonders: have we already reached the golden age of crypto? Between valuation records, historic loan volumes, and constant innovations, the crypto market seems to be popping champagne week after week. But behind the euphoria, what do the numbers really tell us? And above all, is this rebound healthy and sustainable? We dissected the latest data, and you will see, the devil is in the details.

In Brief CeFi loans reach $17.78B and exceed $35B including DATCO and ETFs. DeFi explodes to $26.47B, but the number of users drops by 27%. Looping strategies artificially inflate borrowing volumes on Ethereum and its Layer-2s. Total crypto loans now exceed $61.76B, a record above the 2021 peak. Is CeFi Coming Back Stronger Than In 2021? Analysis The dollar wobbles, debt soars… and cryptos break records: centralized finance (CeFi), thought to be down since 2023, rebounds spectacularly. Data from Galaxy Research shows $17.78 billion in CeFi loans by the end of June 2025, a 14.66% increase in one quarter. And this figure doesn’t even consider some heavyweights like DATCO or crypto ETF-backed loans.

CeFi Lending market share by quarter – Source: Galaxy Research Including these additional volumes, $12.74 billion of DATCO debt and between $3 to $6 billion of marginal loans on crypto ETFs, the $34.8 billion 2021 record is surpassed.

Galaxy reminds us that: 

As of June 30, Galaxy Research recorded $17.78 billion in outstanding CeFi loans. This represents a quarterly growth of 14.66%, or $2.27 billion. 

Why this strong comeback? First, more attractive rates thanks to competition. Second, post-2022 caution: players like Ledn have streamlined their offers and secured their collaterals. Finally, company treasuries’ demand is exploding, seeking structured returns.

In short, CeFi is back. Not by ideology, but by efficiency.

DeFi: An Explosion… but Fueled by Incentives? DeFi also hits new heights: $26.47 billion loans by the end of June 2025, a 42.11% quarterly growth. A record number, far surpassing the 2021 peak. But does this really mean adoption?

The dollar value of outstanding loans on DeFi applications has strongly rebounded since Q1, increasing by $7.84 billion (+42.11%) to reach $26.47 billion – a new all-time record. 

On the surface, all seems perfect. But one number raises questions: the number of active Ethereum addresses is 27% lower than in May 2021. In other words: more volume, but fewer users. What is happening?

Net borrowing rate of ETH using stETH as collateral – Source: Galaxy Research The answer is one word: looping. On Aave, “liquid leverage” strategies allow borrowing ETH with stETH, restaking it… then repeating. A form of circular leverage.

Galaxy explains: “Users implement “looping strategies” enabling them to arbitrage the yield of their collateral assets against borrowing costs.”

DeFi grows fast but not always healthily. Watch out for incentive bubbles.

DATCO and ETFs: The Trojan Horse of Crypto Debt? Little known to the public, Digital Asset Treasury Companies (DATCO) are changing the game. Using classic debt to buy bitcoin or ether, these companies create massive leverage… often invisible.

Galaxy warns:

Due to the absence of new debt emissions by bitcoin DATCOs, the treasury companies’ debt balance has not changed… [but] June 2028 remains the date to watch with $3.65 billion maturing. 

Among the pioneers: MicroStrategy (now Strategy), but also newcomers on Ethereum. And through crypto ETFs like IBIT, investors can also borrow on margin against their shares.

What to remember: 

$12.74 billion of DATCO debt: not included in total volumes; Estimated $3 to $6 billion in ETF margins, an invisible leverage; $3.65 billion of DATCO debts maturing in June 2028; Loan-to-market-cap ratio still low, ~1.5% vs 3% for US stocks; CeFi + DeFi + DATCO + ETF = over $61.76 billion in crypto loans It’s clear: raw numbers often underestimate reality.

While markets break record after record, innovation continues at the frontier of the real world. Credefi and Brickken open a new path with permissionless debt for real-world assets. Proof that while numbers blaze, the real crypto revolution is just beginning.

Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.

Join the program

A

A

Lien copié

Mikaia A.

La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.